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Gold Futures Update: Prices Weak, Fed Minutes Hawkish
Gold and silver prices are weaker in afternoon trading Wednesday but trading not far from levels seen just before the just released report on U.S. monetary from the Federal Reserve. April gold was last down $4.50 at $2,035.30. March silver was last down $0.246 at $22.885. This afternoon’s release of the minutes from the last FOMC meeting of the Federal Reserve showed members remained significantly concerned about rising inflation despite the Fed’s monetary policy tightening likely having peaked. The marketplace is likely deeming the minutes slightly hawkish, but not unexpected. Recent warmer U.S. inflation reports already had the marketplace thinking the Fed will hold off on lower interest rates until the second half of the year, if even then. U.S. stock index futures are weaker in early afternoon trading and showed no
Read MoreGold Futures Update February 2024
Stay up to date with the latest gold futures update. Learn about the current gold market, prices, and technical analysis. Discover the latest economic data and market news. Get the latest gold futures trading tips and strategies.
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